HomeMy WebLinkAbout0920 The owner of a~ct? condominium unit, as ~vid~nc.:d by th~ .
recordation ~f ~ dc:~:ci thereto, :;h.~ll ~utomatically become a member
. of the Managea?ont Association; in th~ ev~~nt that the afor~said
Managemen~ Agreement is terminata~i in any manner. Each co~ciominium
unit shall be entitled to c~st or?i: (1) vot~ in matter upon which a vote
is required. Th~ affirmative votc: of a majority of the iaembers
constituting a quorum shdll be necessary to conduct the business of
the Management Association.
It is recogniiad that the sole purpo5e of the Management
Association shall be to perform the terms and provisions of this
Non-Exclusive Ninety-Nint Y~ar Lease in lieu of the Manager and that
the Lessee shall continue to be ~ntitled to possessory and use interest
herein and make all payments reQuired by this Agreement and be bound .
by its terms and provisions.
10. kte airs and Maintenance. L~.~ssee shal] at all times during
the terms o t is ease~ at its own expense~ make all necessary
repairs and xeplacaments to the D~:mised Pr~mises and maintain the
same in good condition, This covenant shall include the obligation
upon the part of the Lessee to replace or renew when necessary any
item of furniture, fixtures, machinery and equipment and all such
replacements and renewals shall be at least equal in quality and
class to the ariginal equipment, furnishings, ~nachinery or fixtures.
Air conditioning, pool and other such equipment and machinery shall
be regularly serviced and maintained under appropriate service
contracts. Lessee shall keep and maintain all partions of the
Demised Premises in clean and orderly condition, free of accumulation of
dirt and rubbish and pest infestation. All buildings, structures
and improvement, furniture. furnishings, fixtures, machinery and
; equipment now or hereafter replaced or bought~ or intended for use
upon the Demised F~remises shall bP a part thereof and thereby the
~ property of the Lessor~ without payment therefore by the Lessor, and
shall be surrendered to the Lessor upon the expiration or earlier
~ termination of this Lease without cost or.charge ~to the Lessor.
~ 11. Mechanics' Liens. All persons are hereby placed on notice
~ that the Lessee s a never, under any circumstances, have the power
to subject the interest_of the Lessor in the Demised Premises to any
~ mechanics' or materi~lmen's lien or liens of any kind. in the absence
of a specific provision to the contrary herein contained authorizing
~ in specific terms the creation of such lien or liens. All persons
; vvho may hereaf ter, ~uring the term of this Lease, furnish work~ labor,
f services or material to the premises upon the request or order of the
Lessee~ or any person claiming under, by or through the Lessee~
~ shall and must look only to the interest of the Lessee in connection
; with payment therefore, and not to the interest of the Lessor.
; If any mechanics' liens are filed or asserted against the Lessor~s
~ interest in the Dernised Premises~ the Lessee shall~ within thirty
~ (30) days after the date upon which notice thereof shall come to
its attention, cause such lien to be released from the Lessor's
~ interest in the Demised Premises, in the manner provided by the ,
~ applicable statutes of the State of Florida, failing which, the
L.essor shall have the right to cause the said lien to be released.
' in the manner provided by the Florida Statutes, and shall have the ~
right to Lhereupon charge the costs of having had the said lien
i removed and discharged against the Lessee and as for additional
rent due, said additional rent to be due and payable within fifteen
(15) days of the date of notice thereof to the Lessee.
12. Indemnification. ;
a. Lessee covenants and agrees with the Lessor that during
the term of this Lease, the Lessee will indemnify and save harmless
the Lessor against any and all claims, debts, demands oi ob2igations
which may be made against the Lessor, or against Less~s title in
the premises, arising by reason of or in connection with the making
of this Leese and the leasehold interest hereby cre~ted in the
Lessee~ and if it becomes necessary for the Lessor to defend any~
action seeicin~ to impose such liability tr:. L~ssee ~vill pay the
Lessor all costs of court and attorr?Ey's f=-es incurred in
connec tion v~~i th any such d`~fense, in additie~~ to any other sums
which the L~ssor may be c~ll`d upon to pay by reason of entry of
a JudgmE~nt ag~inst the L`~ssor in litigation in ~rvhich such claim
is assert~:d.
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